[Federal Register Volume 80, Number 155 (Wednesday, August 12, 2015)]
[Notices]
[Pages 48420-48421]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-19771]


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DEPARTMENT OF VETERANS AFFAIRS


Loan Guaranty: Maximum Allowable Attorney Fees

AGENCY: Department of Veterans Affairs (VA).

ACTION: Notice; correction.

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SUMMARY: On July 31, 2015, the Department of Veterans Affairs published 
a notice in the Federal Register providing information to participants 
in the Department of Veterans Affairs (VA) Home Loan Guaranty program 
concerning the maximum attorney fees allowable in calculating the 
indebtedness used to determine the guaranty claim payable upon loan 
termination (80 FR 45718). This notice contained two administrative 
errors.

DATES: These corrections will be effective as of August 12, 2015.

FOR FURTHER INFORMATION CONTACT: Mr. Andrew Trevayne, Assistant 
Director for Loan and Property Management (261), Loan Guaranty Service, 
Department of Veterans Affairs, Washington, DC 20420, (202) 632-8795 
(Not a toll-free number).

SUPPLEMENTARY INFORMATION: In the Federal Register of July 31, 2015, FR 
Doc. # 2015-18762, the table representing the Secretary's determination 
of the reasonable and customary cost of legal services needs to be 
replaced with the following table:

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                                                                      VA non-
                                                                     judicial       VA judicial    Deed-in-lieu
                          Jurisdiction                             foreclosure 1   foreclosure 1        of
                                                                         2               2          foreclosure
----------------------------------------------------------------------------------------------------------------
Alabama.........................................................           $1325             N/A            $350
Alaska..........................................................            1600             N/A             350
Arizona.........................................................            1350             N/A             350
Arkansas........................................................            1400             N/A             350
California......................................................            1350             N/A             350
Colorado........................................................            1650             N/A             350
Connecticut.....................................................             N/A            2450             350
Delaware........................................................             N/A            1800             350
District of Columbia............................................            1200            2300             350
Florida.........................................................             N/A            2800             350
Georgia.........................................................            1325             N/A             350
Guam............................................................            1600             N/A             350
Hawaii..........................................................             N/A            2950             350
Idaho...........................................................            1150             N/A             350
Illinois........................................................             N/A            2300             350
Indiana.........................................................             N/A            2050             350
Iowa............................................................             850            1880             350
Kansas..........................................................             N/A            1800             350
Kentucky........................................................             N/A            2250             350
Louisiana.......................................................             N/A            1900             350
Maine...........................................................             N/A            2300             350
Maryland........................................................            2400             N/A             350
Massachusetts...................................................             N/A            2550             350
Michigan........................................................            1425             N/A             350
Minnesota.......................................................            1450             N/A             350
Mississippi.....................................................            1200             N/A             350
Missouri........................................................            1350             N/A             350
Montana.........................................................            1150             N/A             350
Nebraska........................................................            1150             N/A             350
Nevada..........................................................            1525             N/A             350
New Hampshire...................................................            1350             N/A             350
New Jersey......................................................             N/A            2975             350
New Mexico......................................................             N/A            2000             350
New York--Western Counties \3\..................................             N/A            2675             350
New York--Eastern Counties......................................             N/A            3475             350
North Carolina..................................................            1575             N/A             350
North Dakota....................................................             N/A            1750             350
Ohio............................................................             N/A            2250             350
Oklahoma........................................................             N/A            2000             350
Oregon..........................................................            1350            2600             350
Pennsylvania....................................................             N/A            2350             350
Puerto Rico.....................................................             N/A            2050             350
Rhode Island....................................................            1725             N/A             350
South Carolina..................................................             N/A            1650             350
South Dakota....................................................             N/A            2200             350
Tennessee.......................................................            1200             N/A             350
Texas...........................................................            1325             N/A             350
Utah............................................................            1350             N/A             350
Vermont.........................................................             N/A            2250             350
Virgin Islands..................................................             N/A            1800             350
Virginia........................................................            1350             N/A             350
Washington......................................................            1350             N/A             350
West Virginia...................................................            1150             N/A             350
Wisconsin.......................................................             N/A            2000             350

[[Page 48421]]

 
Wyoming.........................................................            1150             N/A             350
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\1\ When a foreclosure is stopped due to circumstances beyond the control of the holder or its attorney
  (including, but not limited to bankruptcy, VA-requested delay, property damage, hazardous conditions,
  condemnation, natural disaster, property seizure, or relief under the Servicemembers Civil Relief Act) and
  then restarted, VA will allow a $350 restart fee in addition to the base foreclosure attorney fee. This fee
  recognizes the additional work required to resume the foreclosure action, while also accounting for the
  expectation that some work from the previous action may be utilized in starting the new action.
\2\ VA will allow attorney fees of $650 (Chapter 7) or $850 (initial Chapter 13) for obtaining bankruptcy
  releases directly related to loan termination. For additional requests for relief filed under each bankruptcy
  chapter, VA will allow an additional $250.
\3\ Western Counties of New York for VA are: Allegany, Cattaraugus, Chautauqua, Erie, Genesee, Livingston,
  Monroe, Niagara, Ontario, Orleans, Steuben, Wayne, Wyoming, and Yates. The remaining counties are in Eastern
  New York.

    Second, in the last sentence of the Supplementary Information 
section of the published Notice, on page 1, reference was made to 
Paragraph (b)(5)(ii) of section 34.4314. Change this reference to 
section 36.4314 vs. 34.4314.

    Dated: August 6, 2015.
Michael Shores,
Chief, Impact Analyses, Office of Regulation Policy & Management, 
Office of the General Counsel, Department of Veterans Affairs.
[FR Doc. 2015-19771 Filed 8-11-15; 8:45 am]
 BILLING CODE 8320-01-P